Executives

Peter Karsten Appointed CEO of Offshore Brokerage IX Securities

A picture of Peter Karsten, CEO of IX SecuritiesPeter Karsten, CEO of IX Securities

Peter Karsten, a former gross sales marketing consultant on the London Capital Group, has been appointed as CEO to a brand new foreign exchange and CFDs brokerage known as IX Securities. The firm is predicated within the Bahamas and is a part of a rising variety of new brokerage operations entered offshore.

The change was mirrored on the LinkedIn profile of Karsten. The firm states on its web site that it’s regulated by the Securities Commission of The Bahamas, and is registered in Nassau.

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The new CEO of IX Securities has important expertise within the business. Karsten was the CEO of BDSwiss between February 2014 and November 2015. He later joined Infinox Capital as Commercial Director and London Capital Group as a Sales Consultant.

Finance Magnates has reached out for remark to Karsten, however on the time of publication, he hasn’t responded.

Offshore Payments Challenges

The greatest problem offshore brokers are going through is funds. Currently, IX Securities is working with financial institution wires, 2pay4you, Western Union, Vload, Bitcoin, Fasapay and Perfect Money. The frequent factor about all of those cost strategies is that purchasers cannot do chargebacks.

The high-risk funds business has been on the lookout for options within the aftermath of the reclassification of foreign exchange and CFDs brokers transactions by VISA and MasterCard final yr.

Brokers positioned offshore are deemed too dangerous to take care of even by unregulated cost establishments.

The rise of the recognition of offshore firms comes after the European Securities Markets Authority (ESMA) final yr modified the leverage requirement for European purchasers. Since then, offshore brokers have been mushrooming within the Pacific and the Caribbean, aiming at EU-based purchasers who need to place highly-leveraged bets.

 

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David

David is the founder of DebtDefined.com. The firm originates business financing for companies of all size in the Canadian marketplace . Originations include business loans, term loans, asset based lines of credit, SR ED Tax credit financing , and receivable financing .

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